National Business

TORONTO — Canadian Tire Corp. Ltd.'s more than 200 retail fuel sites will be rebranded under Petro-Canada in a new partnership between the retailer and the fuel brand. Canadian Tire says in a joint release with Suncor Energy Inc.

CALGARY — Parkland Corp. says it earned $77 million in the first quarter of 2023, up 40 per centfrom $55 million a year earlier.

MONTREAL — Gildan Activewear Inc. says it earned US$97.6 million in the first quarter of 2023, down 33.3 per cent from US$146.4 million a year earlier. The Montreal-based company, which reports in U.S.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,354.68, down 52.88): Enbridge Inc. (TSX:ENB). Energy. Up 41 cents, or 0.78 per cent, to $52.95 on 16.5 million shares.

CALGARY — Former Saskatchewan premier Brad Wall says he doesn't know enough of the details to take a public stance on the merits of mining giant Glencore PLC's ongoing hostile takeover bid for Teck Resources Ltd.

TORONTO — Canada's main stock index posted a small loss Wednesday, weighed down by weakness in energy stocks as the price of oil fell below US$70 a barrel, while U.S. stock markets were also down after the Federal Reserve hiked interest rates again.

Efforts to craft a Canadian grocery code of conduct have reached a major milestone with a proposed final version that includes a process to resolve disputes and impose sanctions on systemic violators of the code.

NEW YORK (AP) — Stocks closed lower on Wall Street after the Federal Reserve announced its latest hike to interest rates and hinted that the end to them may be near. The S&P 500 fell 0.

Ottawa unveiled a new licensing policy intended to make it easier for small internet service providers and rural, remote and Indigenous communities to access 5G spectrum licences.

Canada's largest grocer says its product costs have risen by nearly $1 billion so far this year — double the historic norm — as it continues to see "outsized" price increases from big multinational food brands.